The Nobel Prize for Wealth Destruction!

The Nobel Prize for
Wealth Destruction!
The Nobel Prize panel revered the 7 economists named below – and gave them big awards… Wall Street still loves them too…
Yet their ideas cost investors
over a trillion dollars!
Here's how you can protect yourself
and turn their gross errors into profits…

Dear Reader,

The Nobel Prize for economics? Sounds more like “The Darwin Awards” to me…

Fact is, the seven men (named at right) helped launch the single greatest financial failure since the Great Depression.

The seven Nobel Prize winners behind the disaster…
Fischer Black, Robert Merton and Myron Scholes – whose equations helped fuel the explosions in options and derivatives.

Harry Markowitz, Merton Miller and William Sharp – their Modern Portfolio Theory lit the fuse that eventually blew up the economy.

Franco Modigliani – along with Merton Miller, paved the way for excessive corporate and consumer debt.

They helped create an elite cabal of banks and investment houses that made fortunes… without adding a dime of economic value!
They constructed a “risk management” model that threw caution to the wind – and vaporized trillions in wealth.
And their theories launched harebrained financial schemes that nearly destroyed Wall Street AND Main Street.

And yet each one of them won a Nobel Prize for their work.

Wall Street still loves their ideas – even today. And that’s the problem.

You simply MUST know where these Nobel minefields are sitting right now. Once you do, you can protect your money AND make a lot cash without getting blown to smithereens.

Everything you need to know is contained within the pages of the newest blockbuster book from famed merchant banker and Money Morning Contributing Editor, Martin Hutchinson.

It’s called Alchemists of Loss (John Wiley & Sons).

In this well-researched and fast-paced book, Martin Hutchinson reveals how these Nobel prize-winning theories created one of the biggest meltdowns in history… triggering the near collapse of the financial system… and the destruction in trillions of dollars in investor wealth.

Your wealth!

You’ll discover:

How the “MFT” and “VaR” scams fueled the crisis…
The lies lurking behind “risk-management”…
The metamorphosis of the financial services industry – from small local bankers into enormous “Bank-enstein” monsters…
How old-fashioned futures and options morphed into Credit Default Swaps – the Weapons of Mass Wealth Destruction…
The stranglehold that high-frequency traders STILL HAVE on the New York Stock Exchange…
The impact of so-called “legal” insider trading – and how it’s crumbling the foundation of the markets, brick by brick…
The devolution from long-term investing into short-term mania – and how it continues to pervert the markets…
The difference between “owner’s capitalism” and “managerial capitalism”… and how it spelled the beginning of the end for traditional investors like you…
The outrageous scam behind executive stock options…
The surprising – and shocking – force that sucks value out of your portfolio…
The secret swindle that traders use to bleed investors dry every day…

And much more… all explained in plain, honest language.

Of course, you can’t change the past… But you can take some simple steps now to protect yourself and seriously grow your money.

In Alchemists of Loss, Martin Hutchinson shows you:

The one thing you need to watch for when looking for higher returns…
How to tell who your broker is really working for… and what to do about it…
The best (and easiest) thing to remember about bond investing…
The dangers to your portfolio buried inside many mutual funds…
The destructive force hidden in ETFs that could devastate your returns…
The one thing you must demand from your investments if you want to sleep well at night…
This one deviation in the market gives you a neat, simple way to know when to get in, and when to get out of a sector…
The one place you should never invest your money – and why…

Tremendously Stimulating
"… written with elegance and wit: it sweeps the reader along… a tremendously stimulating read…"

– Financial World, July/August 2010

Plus many more tips and tricks to keep your cash safe and your money working for you.

But this is more than a history lesson, or a safe money report.

Alchemists of Loss also presents a road map for getting back to fiscal sanity… with a refined plan that reveals…

How to Prevent the Next Market Crash

The same radical ideas that caused the last disaster are still at work on Wall Street.

Which means we could be staring straight down the barrel of another financial crisis. Soon.

The government has NOT figured out how to prevent all this from happening again. In fact, their idea of financial “reform” will do little to curtail the abuses and near-criminal activities that caused the collapse in the first place.

"A Detailed Blueprint"
for Wealth
"Unlike many financial prospectuses that preceded the Panic of 2008 and most of the discourse that has followed, Alchemists of Loss is not filled with contradictory statements, double-talk and non sequiturs. Dowd and Hutchinson present a clear, comprehensive and compelling diagnosis in which all of the culprits are hung out to dry. The authors then lay out a detailed blueprint for replacing what they finger as crony capitalism with Free-Market Capitalism."

– Steve H. Hanke, Johns Hopkins University

There doesn’t have to be another market crash.

In fact, Martin reveals exactly what needs to happen right now to ensure that a crisis of this magnitude never hits the U.S. stock market and banking industry again.

It doesn’t have to be an imaginary utopia. America really could be run on common sense instead of special interests. It just takes a few changes…

Some of his solutions:

Eliminating the most popular currency model on the planet… this single step alone could prevent another disaster from ever happening again.
Everyone says “Change the Fed”… here’s the most practical way to ensure the Central Bank really works.
A surprisingly simple solution that’s practically guaranteed to break up the “too-big-to-fail” banks for good.

Martin Hutchinson knows his way around the world of high finance. A mathematician from Trinity College, Cambridge, with an MBA from Harvard, Martin’s used his facility with numbers to create fortunes for himself and his clients the world over.

"Bracing, sharp, bleakly amusing and profoundly depressing, Alchemists of Loss is a fascinating, smart, often contrarian analysis of how the financial system got into the mess into which it now finds itself…"

– Andrew Stuttaford

With Hill Samuel, he reopened the Japanese market up to the Eurobond, in a deal with Canon that netted investors 150% in 24 months.
He founded the long-term arbitrage division of Creditanstalt-Bankverein, where he successfully shorted gold in a deal that made a “mere” $300,000 on one trade.
At Citicorp International Group, Martin introduced Citibank to the World Bank in a deal with a forest products company that earned Citi $2 million per year for the next five years.
From 1982 to 1986, Martin headed the derivatives operations of Enskilda Securities, a start-up subsidiary of S.E. Banken and Hambros…where he helped launch the Nokia Euroshare that earned investors 15 to 20 times their money.
In 2000, he put together a bond deal that restored the stolen savings of 800,000 Macedonians.

Now retired from the world of international financing, Martin spends his time revealing the inner workings of the market to readers as a Contributing Editor to Money Morning, a daily newsletter covering the economy and the market.

And now he brings his worldwide experience and exceptional insight to expose the underbelly of the Nobel Prize-winning Ponzi schemes that led to our economic collapse… and could soon be feeding us a new one.

"This book is must reading for anyone who wants to understand the true origins of the financial crisis and the reforms needed to create financial harmony."

– James A. Dorn, Cato Institute

This is one book every Senator, every Congressman… and every member of the current Administration should read…

But probably won't.

Now, you can get your own copy of Alchemists of Loss – and take a full 34% off the cover price!

If you want to know how the financial crisis really happened… and how to protect your money from another one… then you need to read this book.

And now, for a limited time, you can get a full 34% off the cover price.

Grab your copy today. Go here now.

As the economy continues to sink – this book will be your lifeboat.

The gang of seven Nobel Prize winners may have torpedoed the economy with fuzzy math… but you don’t have to go down with the ship.

Armed with the information and ideas in this book, you can take action to ensure you make the most money, in the safest and most practical ways possible.

This book hands you solid, sound advice for securing your future, and your children’s future, from the ravages of economic theory gone mad.

Not only does this book pull aside the curtain from the economic wizards who’ve been manipulating the markets for their own pleasure…

It shows you a way to put your investments back on track and making money again – the sound, safe and sane way.

Go here now to get your copy today.

Now, more than ever, it’s important to own this book. The economy is still reeling from the collapse brought about by these men’s ideas… and it may be years before we ever get back to ‘normal’.

But you don’t have to suffer in silence. You can take charge right now, with this book.

When you get it, read it immediately… And get a copy for a friend or family member you care about.

Alchemists of Loss is destined to become a financial touchstone, the book you return to again and again for answers you need to make about the economy and personal finances.

I urge you to order your copy now.

Sincerely,

Mike Ward
Publisher, Money Map Press
October 2010

P.S. I warn you – The chances of making money in this market without this book in your corner are getting slimmer by the day. Whether you’re an investing veteran, professional or newcomer, Alchemists of Loss will show you the smartest ways to play the game with confidence – and win! Just go here now to order your copy at a 34% savings.

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